OC: Insurance Underwriter
NQF Level 5
Purpose of Qualification
The purpose of this qualification is to prepare a learner to operate as an Insurance Underwriter. An Insurance Underwriter evaluates and interprets information to protect stakeholders’ interests using specialist technical knowledge to determine, price, manage and transfer risk.
A qualified learner will be able to:
• Apply and adhere to operational and administrative procedures and practices.
• Evaluate the risk information to determine the risk profile and manage risk exposure.
• Apply basic legal and insurance principles to underwriting recommendations.
• Apply knowledge of product and pricing to arrive at an equitable underwriting decision.
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